Should I look at more than one mortgage company

Should I look at more than one mortgage company

Hello,

I have been working with FGMC for about 4 months now with LO Edit out of Marietta Georgia. I'm not happy with his work or the progress that has taken place. I want to try this company Veterans United has anyone heard of them? Any advice would be greatly appreciated.

Re: Should I look at more than one mortgage company

To answer the question in your Subject line, the answer is YES. You should always shop for the best mortgage rate.

However, the best practice is to do all your rate shopping within a small time frame, say 1-2 weeks. That way, all of your inquires will be lumped together and potential creditors will see that you are rate shopping for one mortgage, not seeking a lot of separate credit lines.

Nowadays, people can shop for the best rates and complete the entire process onine. I suggest you look into Quicken Loans to start.

Re: Should I look at more than one mortgage company

Hi and welcome to myfico forums! It definately helps you to compare the good faith estimates from various lenders. Definately you want to work with someone who is knowledgeable and friendly. What are your scores; incomes; and debts? What are your payment amounts? What price range of home are you looking for? Do you have reserves or a good amount of savings? I highly recommend that you check out the MyFico Mortgage Loan forum.

Below is a short list of helpful mortgage loan related links that may help you prepare for the process:

Definately feel free to post any questions you have about DTI and Pre-Approval Odds over there! In addition, you may qualify for downpayment assistance as well as other programs to help you get into a new home!

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IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.